Managers of Wealth Americas

Fed approves IberiaBank's $90 million Florida Bank deal

The Federal Reserve has approved IberiaBank's plan to purchase Florida Bank Group for $90 million in cash and stock

Interactive Brokers must pay $667,000 for portfolio selloff mishap -panel

Firms generally require the value of securities in margin accounts to stay above a certain amount

Canadian securities regulator issues warning re offshore Japanese broker Chikara FX

Chikara FX, a firm which provides provides offshore futures and commodities, is not licensed by the Ontario Securities Commission to carry out business in the Canadian province of Ontario

Federal Regulators Are Seeking To Finalize Clawback Incentive-Pay Rules For Wall Street

Federal regulators plan to finalize rules governing employee compensation on Wall Street, potentially concluding one of the most divisive outstanding issues in financial reform.

FTI Consulting Honored With Seven M&A Advisor Turnaround Awards

FTI Consulting has announced that FTI Consulting was honored by the 9th Annual M&A Advisor Turnaround Awards for the highest levels of performance during 2014 in the distressed investing and reorganization industry, covering lower middle market to mul

Barclays fails to win dismissal of NY 'dark pool' lawsuit

The judge also dismissed a claim that Schneiderman brought under a separate state law.

Hedge fund manager allegedly faked death to avoid redemptions

Malik, who also allegedly used some of the money to find a spouse, is being held on $1 million bond over $1 million cash bail

Retired Westchester Surrogate Judge Heads Expansion Of Law Firm

DelBello, Donnellan, Weingarten, Wise & Wiederkehr, a prominent New York metropolitan area law firm, has announced the expansion of its estate practice to be headed by Westchester County Surrogate Judge Anthony A. Scarpino Jr.

Cayman’s Caledonian Bank Files Bankruptcy After SEC Freeze

The asset freeze “had a crippling effect on debtor’s liquidity,” lawyers for the bank said in the filing.

US SEC's Piwowar Skeptical of FINRA's Data Collection Proposal

FINRA wants the use the information to help it analyze securities transactions from all individual U.S. brokerage accounts

SEC Proposes Rules for Hedging Disclosure

The Securities and Exchange Commission has approved proposed rules that would enhance corporate disclosure of company hedging policies for directors and employees

US banking giant continues its strategic expansion

The move constitutes another signifcant departure in the legal team

Raymond James Taking The Fall For Not-So-Bright Employees

Which is bad, because that’s pretty much the whole reason one goes to—and pays—a financial adviser.

Settlement reached in $41m debt owed by OR firm

A U.S. District judge last year granted a summary judgment against AUI and its affiliate

Puerto Rico lawmakers remove interest cap from $2 bln bond deal

The amendment eliminated a restriction on how large a discount Puerto Rico could offer buyers

UBS confirms fresh tax evasion probe in the US

The Swiss bank said US regulators were investigating potential sales of so called "bearer bonds"

U.S. Is Seeking Felony Pleas by Big Banks in Foreign Currency Inquiry

The pleas would be likely to carry a symbolic stigma, if limited actual fallout, in handing felony convictions to some of the world’s biggest banks.

SEC Goes After a Cayman Islands Bank

Cayman Islands-based Caledonian Bank and four other companies took more than $75 million from unregistered sales of "virtually worthless" penny stocks

UBS Puerto Rico Apparently Pressured Brokers to Sell Risky Puerto Rico Bond Funds -- Dimond Kaplan & Rothstein

Investors have lost billions of dollars in the UBS funds

SEC Imposes Sanctions Against China-Based Members of Big Four Accounting Networks for Refusing to Produce Documents

The settlement is an important milestone in the SEC’s ability to obtain documents from China

Legal, Regulation & Compliance